Saul Centers Inc (NYSE:BFS) – Analysts at B. Riley upped their Q1 2019 earnings per share estimates for shares of Saul Centers in a note issued to investors on Wednesday, August 8th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.83. B. Riley currently has a “Neutral” rating and a $58.00 price objective on the stock.
BFS has been the subject of several other reports. ValuEngine lowered Saul Centers from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Saul Centers has an average rating of “Hold” and an average price target of $56.50.
Several hedge funds and other institutional investors have recently modified their holdings of BFS. Deutsche Bank AG raised its holdings in shares of Saul Centers by 110.4% in the fourth quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock worth $1,815,000 after buying an additional 15,435 shares during the period. Millennium Management LLC raised its holdings in shares of Saul Centers by 50.8% in the fourth quarter. Millennium Management LLC now owns 37,885 shares of the real estate investment trust’s stock worth $2,339,000 after buying an additional 12,762 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Saul Centers in the fourth quarter worth approximately $334,000. Dupont Capital Management Corp purchased a new stake in shares of Saul Centers in the first quarter worth approximately $427,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Saul Centers by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 135,694 shares of the real estate investment trust’s stock worth $6,917,000 after buying an additional 6,268 shares during the period. Hedge funds and other institutional investors own 44.72% of the company’s stock.
In other news, insider Scott V. Schneider sold 3,500 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $54.59, for a total value of $191,065.00. Following the sale, the insider now directly owns 4,500 shares in the company, valued at $245,655. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO B Francis Saul II purchased 750 shares of Saul Centers stock in a transaction dated Thursday, May 31st. The stock was acquired at an average price of $49.51 per share, for a total transaction of $37,132.50. Following the completion of the acquisition, the chief executive officer now owns 36,625 shares of the company’s stock, valued at approximately $1,813,303.75. The disclosure for this purchase can be found here. Corporate insiders own 49.60% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, July 16th. This represents a $2.08 annualized dividend and a dividend yield of 3.74%. Saul Centers’s payout ratio is 65.41%.
Saul Centers Company Profile
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 58 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
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